Investor Relations

Brown & Brown, Inc. Announces Fourth Quarter 2025 Results

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DAYTONA BEACH, Fla., Jan. 26, 2026 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE:BRO) (the “Company”) announced its unaudited financial results for the fourth quarter and full year of 2025.

For the fourth quarter ended December 31, 2025, the Company achieved:

  • Total revenues of $1.6 billion, increasing $423 million, or 35.7%, compared to the fourth quarter of the prior year, with Organic Revenue decreasing 2.8%.
  • Income before income taxes of $321 million, increasing 16.7%, with Income Before Income Taxes Margin of 20.0%, compared to 23.2% in the fourth quarter of the prior year.
  • EBITDAC – Adjusted of $529 million, increasing 35.6%, with EBITDAC Margin – Adjusted of 32.9%, compared to 32.9% in the fourth quarter of the prior year.
  • Net income attributable to the Company of $264 million, increasing $54 million, or 25.7%, compared to the fourth quarter of the prior year.
  • Diluted net income per share of $0.59, a decrease of 19.2%, with Diluted Net Income Per Share – Adjusted increasing to $0.93, or 8.1%, each compared to the fourth quarter of the prior year.

For the twelve months ended December 31, 2025, the Company achieved:

  • Total revenues of $5.9 billion, increasing $1.1 billion, or 22.8%, compared to 2024, with Organic Revenue increasing 2.8%.
  • Income before income taxes of $1.4 billion, increasing 5.2%, with Income Before Income Taxes Margin of 23.2%, compared to 27.1% in 2024.
  • EBITDAC – Adjusted of $2.1 billion, increasing 25.6%, with an increase in EBITDAC Margin – Adjusted to 35.9% from 35.2% in 2024.
  • Net income attributable to the Company of $1.1 billion, increasing $61 million, or 6.1%, compared to 2024.
  • Diluted net income per share of $3.16, a decrease of 8.7%, with Diluted Net Income Per Share – Adjusted increasing to $4.26, or 10.9%, each compared to 2024.

J. Powell Brown, president and chief executive officer of the Company, noted, “2025 was another great year for the Brown & Brown team highlighted by the acquisition of Accession along with strong revenue growth, double-digit adjusted diluted net income per share growth and good adjusted margin expansion.”

Conference call, webcast and slide presentation

A conference call to discuss the results of the fourth quarter and full year of 2025 will be held on Tuesday, January 27, 2026, at 8:00 AM (EST). The Company may refer to a slide presentation during its conference call. You can access the webcast and the slides from the “Investor Relations” section of the Company’s website at bbrown.com.

About Brown & Brown

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm delivering comprehensive and customized insurance solutions and specialization since 1939. With a global presence spanning 700+ locations and a team of more than 23,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at bbrown.com.

Learn more about the results on the investor relations page.

For more information:

R. Andrew Watts
Chief Financial Officer
(386) 239-5770

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